The Big Picture

APRIL 6, 2023

Ever see those IR stories announcing a firm is “increasing its exposure” or “boosting our stake” or “unloading shares” in a given company? Sounds like someone with more resources, insights, and connections KNOWS something about a stock that you do not. Should you then follow the recommended announcements? Absolutely not. Here is why: These posts seem to be a bizarre combination of public records scraping and AI; they look like they were designed to generate clicks rather than reflect honest inve

Wealth Management 278

Wealth Management Portfolio Management Clients Portfolio 278

The Reformed Broker

APRIL 5, 2023

I get a lot of emails and LinkedIn messages about our “funnel” these days. Hiring funnel, sales funnel, etc. Usually it’s coming from well-meaning companies who are focused on recruiting and headhunting or lead generation and prospecting. A typical firm in our industry is probably in need of what they’re offering. I have tried to build an atypical firm.

Recruitment 347

Recruitment Sales 347

Nerd's Eye View

APRIL 7, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the T3/Inside Information Software Survey is available, providing insights into which technology tools advisors use and their level of satisfaction with them, which highlighted the continued rise of specialized financial planning software tools for topics like taxes and Social Security as advisors continue to seek tools tobroaden and deepen their planning capabilities.

Financial Planner 246

Financial Planner Ethics Financial Advisor Clients 246

Abnormal Returns

APRIL 7, 2023

Strategy What does ChatGPT know about investing? (morningstar.com) Why fund managers don't want to talk about skill. (behaviouralinvestment.com) Money market mutual fund assets are surging. (axios.com) Companies Microsoft ($MSFT) and Google ($GOOGL) are pushing ahead with AI despite their limitations. (nytimes.com) The metaverse was a 'fever dream.' (youngmoney.co) Tech stock investors love big layoffs.

Startup 246

Startup Financial Advising Economy Media 246

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting

The Big Picture

APRIL 3, 2023

The consulting firm Global SWF tracks all the important info about Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs). Its an amazing collection of charts and data. The asset value peak was $33.6 trillion (USD) in 2021; that’s down only slightly to $31.4 trillion as of the end of 2022. Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing.

Assets 312

Assets Consulting Taxes Marketing 312

Nerd's Eye View

APRIL 5, 2023

In recent years, the Internal Revenue Code (IRC) has endured some drastic changes resulting from legislative action that have altered the strategies estate planning professionals have recommended to clients. And while the near-constant drumbeat of proposed legislative actions that would further alter the estate planning landscape has led some planners to try to 'get ahead' of those changes by suggesting action in anticipation of those bills becoming laws, doing so can come with risks… espe

Estate Planning 246

Estate Planning Planning Taxes Clients 246

Abnormal Returns

APRIL 4, 2023

International AQR on the case for emerging market equities. (institutionalinvestor.com) It's hard to get past the difference in valuation between European and U.S. stocks. (mailchi.mp) U.S. stocks are not the only game in town. (mebfaber.com) Skewness Why commodity returns are skewed negatively. (mrzepczynski.blogspot.com) Why skew matters when it comes to building trading strategies.

Valuation 246

Valuation Portfolio Investing Investments 246

The Big Picture

APRIL 7, 2023

My end-of-week, market’s-closed-but-BLS-open Good Friday reads: • Here’s What Happens at the IRS After You File Your Taxes Refunds can come in five days—or a few months. ( Wall Street Journal ) • How Models Get the Economy Wrong : Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality. ( American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the r

Valuation 298

Valuation Advertising Economy Food 298

The Reformed Broker

APRIL 1, 2023

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.

332

332

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Accounting

Nerd's Eye View

APRIL 3, 2023

Welcome to the April 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that RIA custodial platform Altruist has built its own full self-clearing capabilities, while nearly simultaneously buying competing (not-self-clearing) custodian Shareholder Services Group (SSG) – wh

Estate Planning 246

Estate Planning Financial Planning Wealth Management Clients 246

Abnormal Returns

APRIL 5, 2023

Podcasts Morgan Housel talks about why our brains covet the pursuit of new stuff. (open.spotify.com) Benjamin Felix and Cameron Passmore talk with Daniel Pink about the power of regret to help induce change. (rationalreminder.libsyn.com) Investing The stock market is in a drawdown more often than not. (awealthofcommonsense.com) Index funds don't call you in the middle of the night saying the roof is leaking.

Ethics 242

Ethics Financial Planner Financial Advising Financial Planning 242

The Big Picture

APRIL 5, 2023

A quick note before everybody scampers off for the holidays. The impact of Technology on indices since the GFC is indisputable. But if you want to see exactly what their weight looks like on markets over that decade-plus era, check out the Statista video above. Or, you can see Invictus applying Bob Farrell’s rules to the Tosteern Slok’s FANGM work: Time to invoke Farrell’s Rule #7?

Communication 290

Communication Marketing Marketing 290

The Reformed Broker

APRIL 6, 2023

I’ve been reading Jamie Dimon’s letter to JPMorgan Chase shareholders over the last two days (it’s long) and wanted to check in here to share this bit about what happened with the banking system this spring. He is uniquely positioned to share a point of view on it… The recent failures of Silicon Valley Bank (SVB) in the United States and Credit Suisse in Europe, and the related stress in the bankin.

Banking 246

Banking Marketing Marketing 246

Advertisement

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Accounting

Nerd's Eye View

APRIL 6, 2023

One of the benefits of owning a financial planning business is an advisor’s ability to control their work schedule. While some advisors might want to go full throttle, perhaps working well over 40 hours per week and taking few days off, others might prefer a more relaxed schedule, perhaps taking every Friday off or going on vacation for multiple weeks each year.

Clients 243

Clients Communication Financial Planning Numbers 243

Abnormal Returns

APRIL 2, 2023

Strategy Your investment strategy needs to work in all markets. (awealthofcommonsense.com) How to dole out risk in your portfolio. (humbledollar.com) AI is going to change just about every industry. (thereformedbroker.com) Banks Why SVB was able to skate stricter bank regulation. (nytimes.com) Regional banks are a linchpin for the economy. (nytimes.com) Why banks resist mark-to-market accounting rules.

Financial Advising 240

Financial Advising Banking Economy Insurance 240

The Big Picture

APRIL 5, 2023

My mid-week morning train WFH reads: • What to Know About TurboTax Before You File Your Taxes This Year : Don’t get tricked into paying for tax prep if you don’t have to. Learn how the biggest tax preparation companies have suppressed free filling options for years. ( ProPublica ) • The Bloomberg Terminal Just Got a ChatGPT-Style Upgrade : The new technology is designed to make searching the terminal simpler. ( Institutional Investor ) see also How Will AI Change Investing?

Taxes 289

Taxes Valuation Assets Media 289

The Reformed Broker

APRIL 7, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tony Dwyer, and Downtown Josh Brown discuss how long an inverted yield curve can last, the unemployment rate and recession, bank lending standards, the Fed, commercial real estate, AI, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Banking 235

Banking Marketing Marketing 235

Advertisement

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Banking

Mr. Money Mustache

APRIL 7, 2023

In my role as Mr. Money Mustache, I do my best to be your one-stop-shop for Lifestyle Guru ideas. So over the years we’ve covered not just the Money side of life, but also the even more important stuff like health and fitness and the psychology of better, happier living. But there’s one single area of life where all of these factors come together with an almost Nuclear Fusion level of synergy and effectiveness.

Transportation 145

Transportation Planning Investing Investments 145

Abnormal Returns

APRIL 2, 2023

Also on the site Do you wonder why everything looks the same these days? (abnormalreturns.com) Top clicks this week Just because you can invest in alternative assets, means you should. (realreturns.blog) The stock market is almost always in a drawdown. (awealthofcommonsense.com) Shifting your asset allocation based on economic forecasts is a fool's errand.

Asset Allocation 174

Asset Allocation Assets Economics Portfolio 174

The Big Picture

APRIL 7, 2023

 A quick note before the 3-day holiday weekend consumes all: I was thumbing through the Oscar edition of a recent glossy mag when I came across an article by James Pogue titled “ West of Eden.” It’s a discussion of folks on the fringe right, including preppers, dystopian billionaires, and a bunch of off-the-grid, back to-the-land, radicals. I can sum up the entire vibe with a single quote: “ If you’re not willing to shoot federal agents, then you’re not serious about it.

Media 278

Media 278

The Reformed Broker

APRIL 4, 2023

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Inflation Cooling – “Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index — rose 0.3% in February after the prior month was revised down.

Marketing 231

Marketing Marketing Food Investing 231

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Numbers

Calculated Risk

APRIL 6, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Sabrina Speianu: Weekly Housing Trends View — Data Week Ending Apr 1, 2023 • Active inventory growth continued to climb, but at a lower rate, with for-sale homes up 53% above one year ago. The inventory of for-sale homes rose compared to last year, but at a slower pace than the previous week for a third time in a row as a smaller number of hopeful homebuyers still outnumber new se

Sales 145

Sales Numbers Marketing Marketing 145

A Wealth of Common Sense

APRIL 6, 2023

I am a glass-is-half-full kind of person and have been getting a lot of feedback from people of late that the world is only getting worse. Here’s a post from a few years ago that lists the immense progress we’ve seen as a species. * “I am not an optimist. I am a very serious possibilist.” – Hans Rosling You don’t have to look too far to find negativity these days.

145

145

The Big Picture

APRIL 1, 2023

 This week, we speak with Ken Kencel, who is president and chief executive officer of Churchill Asset Management, a private credit firm with $46 billion in assets under management that was the top US private equity lender in the 2022 PitchBook league tables and was named 2022 Lender Firm of the Year by The M&A Advisor. Churchill Asset Management is an affiliate of Nuveen, the $1.1 trillion asset-management arm of TIAA.

Assets 173

Assets Management Valuation Investing 173

The Reformed Broker

APRIL 6, 2023

Final Trades: Pioneer, Oracle, CVS & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

189

189

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

Meb Faber Research

APRIL 1, 2023

Stocks for the Long Run is one of my favorite books. If you were to ask me what the single most universally held belief in all of investing is, I’d say it is that “stocks are the best way to build wealth” I don’t disagree. After all the largest fund I manage is a long […] The post What If You Owned No US Stocks? appeared first on Meb Faber Research - Stock Market and Investing Blog.

Investing 145

Investing Investments Management Marketing 145

Calculated Risk

APRIL 7, 2023

From the BLS : Total nonfarm payroll employment rose by 236,000 in March, and the unemployment rate changed little at 3.5 percent , the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care. The change in total nonfarm payroll employment for January was revised down by 32,000, from +504,000 to +472,000, and the change for February was revised up by 15,000, from +311,000 to +326,

Government 144

Government 144

A Wealth of Common Sense

APRIL 2, 2023

I like to look at both sides of things because so many aspects of life have some sort of balance. You don’t get the good without the bad, the reward without the risk, the pleasure without the pain or the bull markets without the bear markets. This past week I looked at some of the reasons the stock market can make you feel terrible all the time.

Marketing 141

Marketing Marketing Investing Investments 141